Hodges Michelle A 4

What Happened

• Michelle A. Hodges, Chief Legal Officer of QuidelOrtho (QDEL), had 7,836 restricted stock units (RSUs vest) on January 29, 2026. The RSUs converted to common shares (derivative conversion at $0.00).
• To satisfy tax withholding obligations, 3,072 of those shares were retained by the company (disposed) at a per-share price of $27.41, equal to approximately $84,204 withheld. The net result: 7,836 RSUs vested, with a portion surrendered to cover taxes.

Key Details

• Transaction date: January 29, 2026 (Filed February 2, 2026 — within the required reporting window).
• Actions reported: A (award/vesting) — 7,836 RSUs; M (conversion/exercise of derivative) — 7,836 shares converted; F (tax withholding) — 3,072 shares withheld/disposed at $27.41 each (~$84,204).
• Vesting schedule noted: 7,836 vested on 1/29/2026; 7,836 will vest on 1/29/2027; 7,837 will vest on 1/29/2028.
• Beneficial ownership note: The filing states post-transaction beneficial ownership includes an additional 561 shares purchased under the company’s Employee Stock Purchase Plan (ESPP).
• Footnotes clarify that the release of RSUs was previously reported, each RSU equals one share, and the share disposition was solely to satisfy tax withholding (net share settlement), not an open-market sale.

Context

• This was a routine RSU vesting and net-share settlement to satisfy tax obligations — not an open-market sell or a new purchase. Net withholding of shares for taxes is common and does not necessarily indicate a change in insider sentiment.
• The filing shows conversion/exercise of RSUs (derivative to common stock) and net-share tax withholding; no 10b5‑1 plan or gift was reported.